Axis Mutual Fund has introduced Exit load under Axis Short Term Fund.
Exit load of 0.25 percent will be charged if redeemed with in 3 months from the date of allotment. Exit load will apply to all the special products offered under the scheme such as SIP and STP etc.
Axis Mutual Fund has introduced 'Regular Dividend' option under Axis Short Term Fund. Under the regular Dividend option, dividend will be declared on weekly basis. Also where the dividend payable under the regular dividend payout option is equal to or less than Rs.500, the dividend would be compulsorily reinvested in option of the scheme.
Axis Mutual Fund has notified introduction of Monthly Dividend Payout facility under Axis Liquid Fund and Axis Treasury Advantage Fund. Further, the minimum amount of dividend payout under Axis Liquid Fund and Axis Treasury Advantage Fund shall be less than or equal to Rs.500. The same will be compulsorily be reinvested in the scheme.
The change is effective from January 25, 2010.